Comments on: Playing poker and investing (part 2) http://www.livelearninvest.com/playing-poker-and-investing-part-2/ Living life to its fullest by generating passive income through investments Thu, 02 Feb 2012 03:11:13 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Ken http://www.livelearninvest.com/playing-poker-and-investing-part-2/comment-page-1/#comment-470 Ken Mon, 06 Nov 2006 04:08:12 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/24/playing-poker-and-investing-part-2/#comment-470 Miserly, BTW, sorry about your comments showing up so late, they were both caught in my SPAM filter which I check about once a week. I don't know why they ended up their. Miserly,

BTW, sorry about your comments showing up so late, they were both caught in my SPAM filter which I check about once a week. I don’t know why they ended up their.

]]> By: Ken http://www.livelearninvest.com/playing-poker-and-investing-part-2/comment-page-1/#comment-469 Ken Mon, 06 Nov 2006 04:07:33 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/24/playing-poker-and-investing-part-2/#comment-469 Miserly, I agree with what you're saying. I was trying to give a simple example that non-poker players could understand. I started to write more and more and realized it was becoming a how to play poker post so I cut it back. There are tons of variables as you have mentioned and they just can't be explained in a simple post. Miserly,

I agree with what you’re saying. I was trying to give a simple example that non-poker players could understand. I started to write more and more and realized it was becoming a how to play poker post so I cut it back. There are tons of variables as you have mentioned and they just can’t be explained in a simple post.

]]> By: MiserlyBastard http://www.livelearninvest.com/playing-poker-and-investing-part-2/comment-page-1/#comment-384 MiserlyBastard Wed, 25 Oct 2006 16:15:11 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/24/playing-poker-and-investing-part-2/#comment-384 Im not a big fan of your analysis here. While numerically you're thinking correctly, poker is a much more complex game than what you've described. Skilled players can read hands well, and it is possible (to use your 55 hand above) that a skilled player could get away from an overpair where the 55 flops a set. (For example, if the flop came 567 spades, when the villain was holding red aces.) In this case, if you're playing a strong opponent, playing 55 against a raise wont be laying you the required implied odds, because you can't reasonably assume that everytime you flop a set you'll win the pot. Also, a fair amount of the time, you won't flop a set but will have the best hand, and will be bluffed off it, for example where AKs raises, you cold call 55, and the flop comes QJ4 rainbow. If the raiser fires at the pot, it takes a very skilled player to peel the flop and see 4th street. Or, to use another example of why I think you oversimplify poker thinking, consider the effect of position--i.e., limping with small pairs in early position with the hope that even if you're raised behind, you can see a flop and hope to make a big hand. Im not a big fan of your analysis here. While numerically you’re thinking correctly, poker is a much more complex game than what you’ve described. Skilled players can read hands well, and it is possible (to use your 55 hand above) that a skilled player could get away from an overpair where the 55 flops a set. (For example, if the flop came 567 spades, when the villain was holding red aces.) In this case, if you’re playing a strong opponent, playing 55 against a raise wont be laying you the required implied odds, because you can’t reasonably assume that everytime you flop a set you’ll win the pot. Also, a fair amount of the time, you won’t flop a set but will have the best hand, and will be bluffed off it, for example where AKs raises, you cold call 55, and the flop comes QJ4 rainbow. If the raiser fires at the pot, it takes a very skilled player to peel the flop and see 4th street. Or, to use another example of why I think you oversimplify poker thinking, consider the effect of position–i.e., limping with small pairs in early position with the hope that even if you’re raised behind, you can see a flop and hope to make a big hand.

]]> By: NLG http://www.livelearninvest.com/playing-poker-and-investing-part-2/comment-page-1/#comment-378 NLG Tue, 24 Oct 2006 11:00:43 +0000 http://www.afterreadingrichdadpoordad.com/2006/10/24/playing-poker-and-investing-part-2/#comment-378 Yep, very true... I just wish I could keep my concentration long enough to play intelligently for a tournament-style game. Eventually I get tired, lose my concentration, and... start losing chips! Friday I lost almost all my chips in a couple of bad beats, then I managed to crawl back to chip leader after about 10 hands... only to lose most of it again on a hand I had no business betting on... Damnit! NG Yep, very true… I just wish I could keep my concentration long enough to play intelligently for a tournament-style game. Eventually I get tired, lose my concentration, and… start losing chips!

Friday I lost almost all my chips in a couple of bad beats, then I managed to crawl back to chip leader after about 10 hands… only to lose most of it again on a hand I had no business betting on… Damnit!

NG

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